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Apr 22 - 10:55 PM

AUD/USD - Grinding Higher As Risk Appetite Improves

By John Noonan  —  Apr 22 - 09:30 PM
  • AUD/USD trying to grind through sell orders around 0.6460 in early Asia

  • It is above the 10-day MA (0.6454) for first time since April 10

  • Downward momentum has stalled with the 5-day MA now pointing higher

  • AUD getting support from rising risk appetite as geopolitical concerns fade nL2N3GV2QW

  • Next resistance is at the 21-day MA ay 0.6505 where more selling is tipped

  • AUD/USD upside may be limited ahead of inflation data from Australia and US

  • Aus Q1 CPI is out on Wednesday, while US PCE price index is out Thursday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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